Utah § 41-12a-407 Certificate of self-funded coverage as proof of owner's or operator's security.

Utah Statutes

§ 41-12a-407 — Certificate of self-funded coverage as proof of owner's or operator's security.

Utah § 41-12a-407

Title 41Motor Vehicles

Ch. 41-12aFinancial Responsibility of Motor Vehicle Owners and Operators Act

Part 41-12a-4Proof of Owner's or Operator's Security

This text of Utah § 41-12a-407 (Certificate of self-funded coverage as proof of owner's or operator's security.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 41-12a-407 (2026).

Text

(1)The department may, upon the application of any person, issue a certificate of self-funded coverage when it is satisfied that the person has:

(1)(a) more than 24 motor vehicles; and

(1)(b) deposits, in a form approved by the department, securities in an amount of $200,000 plus $100 for each motor vehicle up to and including 1,000 motor vehicles and $50 for every motor vehicle over 1,000 motor vehicles.

(2)Persons holding a certificate of self-funded coverage under this chapter shall pay benefits to persons injured from the self-funded person's operation, maintenance, and use of motor vehicles as would an insurer issuing a policy to the self-funded person containing the coverages under Section 31A-22-302.

(3)In accordance with Title 63G, Chapter 4, Administrative Procedures Act, the

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(1) The department may, upon the application of any person, issue a certificate of self-funded coverage when it is satisfied that the person has:

(1)(a) more than 24 motor vehicles; and
(1)(b) deposits, in a form approved by the department, securities in an amount of $200,000 plus $100 for each motor vehicle up to and including 1,000 motor vehicles and $50 for every motor vehicle over 1,000 motor vehicles.
(2) Persons holding a certificate of self-funded coverage under this chapter shall pay benefits to persons injured from the self-funded person's operation, maintenance, and use of motor vehicles as would an insurer issuing a policy to the self-funded person containing the coverages under Section 31A-22-302.
(3) In accordance with Title 63G, Chapter 4, Administrative Procedures Act, the department may, upon reasonable grounds, cancel the certificate. Failure to pay any judgment up to the limit under Subsection 31A-22-304(2) within 30 days after the judgment is final is a reasonable ground to cancel the certificate.
(4) Any government entity with self-funded coverage for government-owned motor vehicles under Title 63G, Chapter 7, Governmental Immunity Act of Utah, meets the requirements of this section.